Latest news with #UnternehmerTUM
Local Germany
08-07-2025
- Business
- Local Germany
Where in Germany are the most startups being launched?
Significantly more start-ups are emerging in Germany, thanks largely to the artificial intelligence (AI) boom. According to an analysis by the Startup Association, 1,500 new startups were founded in the first half of the year – that's nine percent more than in the second half of 2024. Most of the startups were founded in Bavaria, North Rhine-Westphalia and Berlin, but the eastern state of Saxony also saw tremendous growth. Many of the new companies were focused in the software sector - including AI-supported automation services - and online retail. The Startup Association suggested that the number of new startups sent a strong signal of recovery after the sector's recent challenges. Where in Germany are startups booming? In absolute numbers, Bavaria ( with 343 new startups), North Rhine-Westphalia (281), and Berlin (248) top the list for new company formations in the first half of 2025. As a city, Berlin remains Germany's most prominent startup hub with around 500 new companies founded annually. However, when measured per capita, Munich narrowly leads with 13.5 new startups launched per 100,000 inhabitants in the past year. Startup founders in the Bavarian capital can take advantage of support from some leading incubators and accelerators such as UnternehmerTUM . Other university cities such as Heidelberg, Darmstadt and Aachen also saw a large number of new startups founded relative to their size, highlighting the growing importance of research-driven locations. Technology and science-based startups tend to crop up in Germany's university cities, whereas Berlin and Munich attract a broader mix of ventures, including in the creative industries and digital platforms. READ ALSO: Which German cities are best for digital nomads to live in? The 'best' universities in Germany for 2025 Interestingly, the eastern German state of Saxony has seen by far the highest year-on-year increase in startup launches, with a staggering growth rate of 71 percent. In comparison Bavaria saw a growth rate of 23 percent, and North Rhine-Westphalia had 16 percent. According to the Startup Association report, Saxony's surge can be attributed to targeted regional initiatives and improved support structures. Advertisement How has the industry developed? After a record year in 2021, startup formations dropped to less than 2,500 in 2023, largely as a result of economic uncertainty and higher interest rates. Then in 2024 a turnaround began. Venture capital investment in German startups has risen significantly over the last 18 months, reaching a total of €4 billion in just the first half of this year, according to Germany's economic development bank (KfW). The AI boom, renewed investor confidence, and public support programs including the Digital Hub Initiative have all contributed to the rebound. READ ALSO: What startups should know about Germany's new 'digital hub' cities The current startup wave is dominated by the software sector, which accounted for 368 new companies in the first half of 2025. The boom in AI is a key driver, with industrial solutions such as AI-supported automation growing by 29 percent. The B2C segment is also rebounding, particularly in food (up 44 percent) and e-commerce (up 14 percent).
DW
07-06-2025
- Business
- DW
How Munich became Europe's tech startup capital – DW – 06/04/2025
Founders flock to Munich, Germany, to access capital, expertise, and networks that can help turn ideas into thriving businesses. It's like navigating a labyrinth — a journey hundreds of young entrepreneurs across Europe embark on each year in search of opportunity, innovation, funding, and success. They're also looking for the country and city that offers the ideal conditions to launch a business. For an increasing number, that journey leads to Isar Valley, named after the river that runs through Munich, and which provided the informal nickname for the Bavarian capital's technology and artificial intelligence (AI) scene, inspired by the Silicon Valley technology hub in California. Munich's Technical University and its entrepreneurship center are essential for startup founders Image: UnternehmerTUM Munich ranks 17th globally in the latest Global Tech Ecosystem Index compiled by Netherlands-based data provider Dealroom. When measured by high-performance, innovation-driven ecosystems with strong per-capita output, Munich rises to 5th place — just behind US tech hubs San Francisco Bay Area, Boston, New York, and Cambridge. From hackathon enthusiast to startup founder Greek entrepreneurs Nikos Tsiamitros and Georgios Pipelidis also chose to launch their startup in Munich, even though Tsiamitros says there wasn't a "personal reason" to move to the capital of the German southern state of Bavaria. "I didn't know anyone here and had never even visited the city," he told DW, but added that he was well aware of the "excellent reputation" of the Technical University of Munich (TUM). Nikos Tsiamitros (left) and Georgios Pipelidis were drawn to Munich because of its excellent startup environment Image: Georgios Pipelidis Tsiamitros arrived from Athens to pursue his master's degree in Munich, while Pipelidis came to TUM via Austria to complete his PhD. "That's where we started working together on navigation software for public transportation," Pipelidis told DW. They joined a hackathon — an event where programmers team up for several days or weeks to develop software, often around the clock — and they won the competition. "From that moment on, we started to believe that our navigation and localization algorithm could become a real startup," said Tsiamitros. Then, in March 2019, they launched their first startup business called Ariadne — derived from the Cretan princess in Greek mythology who gave Theseus a thread to find his way out of the Minotaur's labyrinth. A fitting metaphor for their software, Pipelidis noted with a grin. UnternehmerTUM provides support with substance But having a strong algorithm is one thing. Launching a startup, writing a business plan, and securing capital is another. That's where Munich's startup ecosystem offers a crucial resource — the UnternehmerTUM entrepreneurship center based at TUM. At UnternehmerTUM, the two business founders learned how to start and run a company, Pipelidis said, adding that thanks to that support, Ariadne was generating revenue just a few months after launch. Ariadne's main product has since evolved from a navigation software into an AI-based people-counting and movement analytics tool. Today, it serves airports in Munich, Glasgow, and Los Angeles, as well as the German cities of Leverkusen, Bielefeld, and Regensburg, plus several malls and retailers, including IKEA. Startups like Ariadne also benefit from hands-on mentorship. Barbara Mehner, managing partner of the Xpreneurs incubator at UnternehmerTUM is one of them. "We help early-stage startups enter the market by connecting them with investors, mentors, and potential customers," she told DW. KEWAZO 'liftbot' and the robotic revolution in scaffolding Among the more than 100 tech startups founded annually in Munich is KEWAZO, a company led by Greek founder Eirini Psallida. Eirini Psallida is one of many successful startup founders who have emerged from the Isar Valley tech hub Image: Eirini Psallida KEWAZO's core product is a battery-powered, remote-controlled robotic lifting system called LIFTBOT. This robot facilitates the transport and assembly of scaffolding and other construction materials. "All industries seemed fully automated — except construction," Eirini told DW, explaining the idea behind the company. Psallida named the startup after the Greek word kataskevazo, meaning "to produce." And like Ariadne, this startup was born out of a hackathon at UnternehmerTUM. Today, the company's robotic lift system is in daily use at major industrial and construction sites — from the chemical park of BASF in Ludwigshafen, Germany, to oil refineries in the US. KEWAZO's liftbots are seen on many construction sites Image: Flint Hills Resources "I can't imagine how we would have done it without UnternehmerTUM," Psallida told DW, as the incubator gave them access to hardware, software, legal and business advice. "And we got help securing public funding without giving up any equity," she added. One in four German unicorns founded by foreigners The KEWAZO team includes six founders from four different countries, reflecting the diverse nature of Germany's startup landscape. According to the latest Migrant Founders Monitor compiled by the Friedrich Naumann Foundation and Germany's Startup Association, a significant number of founders in the country have a migration background. "Fourteen percent of startup founders were born abroad," said Vanusch Walk, senior researcher at the Startup Association and lead author of the report. Among the founders of so-called unicorns — startups valued at over a billion dollars — the share is even higher at 23%, he told DW. The survey shows that migrant founders stand out for their "strong entrepreneurial mindset, willingness to take risks, and resilience" — traits that are crucial for startup success. Migrant founders still face higher barriers Despite their strengths, migrant founders also face notable challenges in Germany. "Top of the list is access to networks," said Walk, adding that coping with Germany's infamous bureaucracy is also difficult, as well as gaining access to funding, no matter whether public or private. Germany: More support for migrant entrepreneurs? To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Pipelidis from Ariadne experienced this firsthand. One German venture capital firm made its investment conditional on replacing him as CEO with a German national. "They wanted a native speaker as the public face of the company," he recalled. "I understand that customers prefer dealing with someone who speaks fluent German — that's why all our salespeople are native speakers. But replacing me as CEO? That was too much," he said. In the end, Georgios Pipelidis and Nikos Tsiamitros secured support from a Greek VC firm. And despite the setbacks, their enthusiasm for Munich hasn't wavered. At the end of their own Ariadne thread still lies the Bavarian capital. This article was originally written in German.
DW
04-06-2025
- Business
- DW
Isar Valley: How Munich became Europe's startup capital – DW – 06/04/2025
In the Bavarian capital, international talent meets an ecosystem built to help startups succeed. Here, founders gain access to capital, expertise, and networks that can turn ideas into thriving businesses. It's like navigating a labyrinth — a journey hundreds of young entrepreneurs across Europe embark on each year in search of opportunity, innovation, funding, and success. They're also looking for the country and city that offers the ideal conditions to launch a business. For an increasing number, that journey leads to Isar Valley, named after the river that runs through Munich, and which provided the informal nickname for the Bavarian capital's technology and artificial intelligence (AI) scene, inspired by the Silicon Valley technology hub in California. Munich's Technical University and its entrepreneurship center are essential for startup founders Image: UnternehmerTUM Munich ranks 17th globally in the latest Global Tech Ecosystem Index compiled by Netherlands-based data provider Dealroom. When measured by high-performance, innovation-driven ecosystems with strong per-capita output, Munich rises to 5th place — just behind US tech hubs San Francisco Bay Area, Boston, New York, and Cambridge. From hackathon enthusiast to startup founder Greek entrepreneurs Nikos Tsiamitros and Georgios Pipelidis also chose to launch their startup in Munich, even though Tsiamitros says there wasn't a "personal reason" to move to the capital of the German southern state of Bavaria. "I didn't know anyone here and had never even visited the city," he told DW, but added that he was well aware of the "excellent reputation" of the Technical University of Munich (TUM). Nikos Tsiamitros (left) and Georgios Pipelidis were drawn to Munich because of its excellent startup environment Image: Georgios Pipelidis Tsiamitros arrived from Athens to pursue his master's degree in Munich, while Pipelidis came to TUM via Austria to complete his PhD. "That's where we started working together on navigation software for public transportation," Pipelidis told DW. They joined a hackathon — an event where programmers team up for several days or weeks to develop software, often around the clock — and they won the competition. "From that moment on, we started to believe that our navigation and localization algorithm could become a real startup," said Tsiamitros. Then, in March 2019, they launched their first startup business called Ariadne — derived from the Cretan princess in Greek mythology who gave Theseus a thread to find his way out of the Minotaur's labyrinth. A fitting metaphor for their software, Pipelidis noted with a grin. UnternehmerTUM provides support with substance But having a strong algorithm is one thing. Launching a startup, writing a business plan, and securing capital is another. That's where Munich's startup ecosystem offers a crucial resource — the UnternehmerTUM entrepreneurship center based at TUM. At UnternehmerTUM, the two business founders learned how to start and run a company, Pipelidis said, adding that thanks to that support, Ariadne was generating revenue just a few months after launch. Ariadne's main product has since evolved from a navigation software into an AI-based people-counting and movement analytics tool. Today, it serves airports in Munich, Glasgow, and Los Angeles, as well as the German cities of Leverkusen, Bielefeld, and Regensburg, plus several malls and retailers, including IKEA. Startups like Ariadne also benefit from hands-on mentorship. Barbara Mehner, managing partner of the Xpreneurs incubator at UnternehmerTUM is one of them. "We help early-stage startups enter the market by connecting them with investors, mentors, and potential customers," she told DW. KEWAZO 'liftbot' and the robotic revolution in scaffolding Among the more than 100 tech startups founded annually in Munich is KEWAZO, a company led by Greek founder Eirini Psallida. Eirini Psallida is one of many successful startup founders who have emerged from the Isar Valley tech hub Image: Eirini Psallida KEWAZO's core product is a battery-powered, remote-controlled robotic lifting system called LIFTBOT. This robot facilitates the transport and assembly of scaffolding and other construction materials. "All industries seemed fully automated — except construction," Eirini told DW, explaining the idea behind the company. Psallida named the startup after the Greek word kataskevazo, meaning "to produce." And like Ariadne, this startup was born out of a hackathon at UnternehmerTUM. Today, the company's robotic lift system is in daily use at major industrial and construction sites — from the chemical park of BASF in Ludwigshafen, Germany, to oil refineries in the US. KEWAZO's liftbots are seen on many construction sites, like in Dublin, where they helped rebuild the Presbyterian Church Image: Eirini Psallida "I can't imagine how we would have done it without UnternehmerTUM," Psallida told DW, as the incubator gave them access to hardware, software, legal and business advice. "And we got help securing public funding without giving up any equity," she added. One in four German unicorns founded by foreigners The KEWAZO team includes six founders from four different countries, reflecting the diverse nature of Germany's startup landscape. According to the latest Migrant Founders Monitor compiled by the Friedrich Naumann Foundation and Germany's Startup Association, a significant number of founders in the country have a migration background. "Fourteen percent of startup founders were born abroad," says Vanush Walk, senior researcher at the Startup Association and lead author of the report. Among the founders of so-called unicorns — startups valued at over a billion dollars — the share is even higher at 23%, he told DW. The survey shows that migrant founders stand out for their "strong entrepreneurial mindset, willingness to take risks, and resilience" — traits that are crucial for startup success. Migrant founders face higher barriers still Despite their strengths, migrant founders also face notable challenges in Germany. "Top of the list is access to networks," said Walk, adding that coping with Germany's infamous bureaucracy is also difficult, as well as gaining access to funding, no matter whether public or private. Germany: More support for migrant entrepreneurs? To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Georgios Pipelidis from Ariadne experienced this firsthand. One German venture capital firm made its investment conditional on replacing him as CEO with a German national. "They wanted a native speaker as the public face of the company," he recalled. "I understand that customers prefer dealing with someone who speaks fluent German — that's why all our salespeople are native speakers. But replacing me as CEO? That was too much," he said. In the end, Georgios Pipelidis and Nikos Tsiamitros secured support from a Greek VC firm. And despite the setbacks, their enthusiasm for Munich hasn't wavered. At the end of their own Ariadne thread still lies the Bavarian capital. This article was originally written in German.
